Business conglomerate Godrej Industries Ltd on Tuesday reported an 81 per cent increase in consolidated net profit at Rs 322.49 crore for the April-June quarter of 2024, on higher income.
Its net profit stood at Rs 178.06 crore in the year-ago period.
Total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, from Rs 4,893.40 crore in the corresponding period of the previous year, according to a regulatory filing.
Godrej Industries has presence in chemicals, estate management (real estate), finance & investments.
On business performance of its subsidiaries, joint ventures and associate companies, Godrej Industries said the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at Rs 3,311 crore in the first quarter of this fiscal.
Godrej Properties' total Income grew to Rs 1,638 crore in April-June period of this fiscal, from Rs 1,315 crore in the year-ago period.
Godrej Agrovet's total income declined to Rs 2,360 crore in the period under ..

Godrej Industries has presence in chemicals, estate management (real estate), finance & investments

Press Trust of India

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024.
It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing.
The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter.
It was at Rs 1,118.61 crore in the year-ago period.
Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output."
"With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

Business Standard

US-based private equity firm Carlyle will invest Rs 2,100 crore to acquire a majority stake in Edelweiss Group's housing finance arm Nido Home Finance, subject to regulatory approvals

edelweiss financial services

Reliance Consumer Products has acquired Southern Health Foods of Tamil Nadu, owner of the Manna brand, to strengthen its foods and staples portfolio in the health foods segment

Reliance Consumer Products, Reliance Retail

Carlyle's investment includes the acquisition of a 45 per cent stake in Nido from Edelweiss through a secondary purchase and a primary equity infusion of ₹1,500 crore

Mahindra Lifespace Developers has entered into a long-term joint venture with Japan's Mitsui Fudosan Group, with a premium residential project in Bengaluru as the first development

Mahindra Lifespaces

The private sector lender says Oracle Fusion Cloud Applications have helped unify finance, HR and customer experience operations, driving automation, productivity gains and cost savings

Tamilnad Mercantile Bank

AstraZeneca Pharma India Ltd on Tuesday said it has received permission from India's drug regulator to market Durvalumab solution for infusion used in cancer treatment for an additional indication.
The company has received permission from the Central Drugs Standard Control Organisation, Directorate General of Health Services, to import for sale and distribution of Durvalumab solution for infusion of strengths 120 mg/2.4 ml and 500 mg/10 ml (brand name Imfinzi) for an additional indication, AstraZeneca Pharma said in a regulatory filing.
Through this approval, Durvalumab in combination with carboplatin and paclitaxel is indicated for the first-line treatment of adults with primary advanced or recurrent endometrial cancer who are candidates for systemic therapy, followed by maintenance treatment with Durvalumab as monotherapy in endometrial cancer which is mismatch repair deficient (dMMR).
The receipt of this permission paves way for the marketing of Durvalumab solution for infusion 1

AstraZeneca vaccine

The company has received permission to import for sale and distribution of Durvalumab solution for an additional indication

Larsen and Toubro on Tuesday said it has secured a "significant" transport infrastructure development project in Dubai, UAE.
The order pertains to the Phase-1 of the road development initiative undertaken by the UAE authorities, Larsen and Toubro (L&T) informed the exchanges.
L&T did not provide any financial details of the order. According to company classification, a significant order ranges between Rs 1,000 crore to Rs 2,500 crore.
The contract has been secured by the Transportation Infrastructure business vertical of the company for the improvement of Latifa Bint Hamdan Street in Dubai.
The project is scheduled to be completed in 36 months.
The scope of the project includes upgrading the existing road corridor stretching from Emirates Road (E611) to Sheikh Mohammed Bin Zayed Road (E311).
The work involves widening the current two-lane dual carriageway into a four-lane dual carriageway in each direction to enhance network capacity and ease traffic flow.

Larsen and Toubro (L&T)

The contract has been secured by the Transportation Infrastructure business vertical of the company for the improvement of Latifa Bint Hamdan Street in Dubai

The Bengaluru-based pet care platform will use the funds to expand technology capabilities, strengthen healthcare services and scale up its offline clinics and quick-delivery network

Supertails, pet care startup

The funding will be spent for boosting product and data capabilities, and strengthening the company's personalisations

While overseas experience has proven invaluable in other economies, it appeared to play a diminished role in India's contemporary tech ecosystem

china, gold, metals market

Bloomberg

A study by AnnaLee Saxenian and Vivek Wadhwa reveals that domestic founders lead in commercial outcomes, while returnees play specialized roles

homegrown entrepreneurs, diaspora, technology

The newly launched platform operates on a zero-commission model and does not charge any fee from restaurants, but only a standard delivery fee based on distance from customers

Ownly (Photo: Company Website)

Ankur Khurana has been appointed head of Citi's commercial banking operations in India and will be responsible for driving strategy, growth and performance of the business

Citi

Kotak Mahindra Bank said CTO Bhavnish Lathia has resigned citing personal reasons and will step down in February 2026; Nilesh Chaudhari has been appointed his successor

Kotak mahindra bank, kotak

E-commerce firm Flipkart has named Vipin Kapooria as vice president, business finance, and Yogita Shanbhag as vice president, human resources, as it readies for its IPO

Flipkart

Premier Energies plans to restart engagement with US clients after the India-US trade pact, betting on lower duties, rising exports and capacity expansion

Chiranjeev Singh Saluja, Managing Director, Premier Energies

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Pham Sanh Chau

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Yogesh Mathur, Director-Sales & Marketing, HMSI

Two-wheeler demand likely to remain tepid until festival season, says HMSI

JSW joint managing director and chief executive officer Jayant Acharya

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Companies

Start Ups

People

Results Corner

Result Calendar

Brokerage Reports

Result News